Swap Transaction Compliance and Implementation Schedule - Documentation and Margining Requirements

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Swap Transaction Compliance and Implementation Schedule: Trading Documentation and Margining Requirements
Proposal Date Comment Deadline Final Rule Issue
September 20, 2011 November 4, 2011 TBA

On September 8, 2011, the Commodity Futures Trading Commission (CFTC) held an open meeting to consider the issuance of proposed rulemakings under the Dodd-Frank Act. One of the agenda items was a proposed rule regarding the implementation timeline for documentation and margining requirements for swap participants.<ref>Open Meeting on Two Proposed Rules under the Dodd-Frank Act. CFTC. Retrieved on September 8, 2011.</ref>


One of the mandates of the Dodd-Frank Act is the creation, implementation and enforcement of rules regarding the trading and clearing of swaps. These rules include comprehensive regulation of swap dealers and major swap participants (SD/MSPs). The CFTC has proposed, and is in the process of finalizing, rulemakings on documentation and margining requirements for SD/MSPs. After these rules are finalized, the commission will begin phasing in compliance for various swap entities, depending on the entity's level of activity and sophistication.

Summary of the Rule Proposal[edit]

Prior to determination of a final ruling, these rules must be finalized by the CFTC:

Related Documents: Fact Sheet, Q&A, Federal Register Entry[edit]


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